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agotamiento

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20:05 Mar 21, 2007
Spanish to English translations [PRO]
Bus/Financial - Finance (general) / finances
Spanish term or phrase: agotamiento
las perdidas tributarias se aplicaran hasta su agotamiento
josie1234
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Summary of answers provided
5until exhausted
Richard Cadena
4until cleared
David Hollywood
4exhaustion / depletion
Sergio Gaymer


  

Answers


2 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
exhaustion / depletion


Explanation:
:)

Sergio Gaymer
Chile
Local time: 11:30
Works in field
Native speaker of: Spanish
PRO pts in category: 56
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2 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
until cleared


Explanation:
I would say ...

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Note added at 7 mins (2007-03-21 20:13:01 GMT)
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or: offset

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Note added at 8 mins (2007-03-21 20:13:50 GMT)
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Do you have tax losses to offset? If your business made tax losses in previous years, you may be able to reduce your assessable income by those tax losses ...
www.ato.gov.au/businesses/content.asp?doc=/content/45586.ht... - 25k - Cached - Similar pages

David Hollywood
Local time: 13:30
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 714
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1 hr   confidence: Answerer confidence 5/5
until exhausted


Explanation:
More context would be helpful. Anyway, here goes.

This looks like a tax loss carryforward or carryover, which is defined by the Eighth Deluxe Edition of Black's Law Dictionary:
An income tax deduction (esp. for a net operating loss) that can not be taken entirely in a given period (or fiscal year), but may be taken in a later period (usually the next five years).

The above means that if a company suffered a tax loss in fiscal 2002, it would be able to take 20% of that loss as a deduction against income tax in fiscal years 2003, 2004, 2005, 2006, and 2007. Consequently, the effect of this tax loss carryforward will be considered as 100% exhausted for purposes of fiscal 2008.

Note: "Agotamiento" in Spanish means "depletion" only in reference to a natural resource such as oil, precious metals, etc. and, therefore, does not apply in this context.
Hope this helps.
18 years translating from Spanish to English for the Mexico City accounting, banking, finance, tax, etc. community.


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Note added at 1 hr (2007-03-21 21:23:59 GMT)
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Note that the basis for good writing is the use of:
a) nouns in Spanish. (hasta su agotamiento)
b) verbs in English. (until exhausted)
This is one of the fundamentals of translation from Spanish to English taught by Tom West in the courses he has given.


    Reference: http://aicipa.org
    Reference: http://imcp.org.mx
Richard Cadena
Mexico
Local time: 11:30
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 355
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